16 MAY 1903, Page 3

The London Budget was introduced by Lord Welby at Tuesday's

meeting of the County Council. Lord Welby esti- mated last year for an expenditure of £4,347,023 and a revenue of £4,251,061, leaving £95,962 to be taken from the cash balance. The actual expenditure was 24,310,217, and the revenue £4,240,769, and therefore it was only necessary to take £69,448 from the cash balance, or £26,514 less than antici- pated. For the coming year the expenditure was estimated at £4,703,270, and the revenue, including the increased rate to 16d., at £4,637,798, leaving a deficiency to be taken from the cash balance of £65,472. The estimated increase in expendi- ture over last year was £356,247.